Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

Tailor your resume to this Assistant Manager/Manager, Traded and Quantitative Risk — CCR/CVA role.

Rezi rewrites your resume against Deloitte's job description. Free.

Resume score gauge reading 58 out of 100

Don't guess if your resume is good enough.

See how it scores against the Assistant Manager/Manager, Traded and Quantitative Risk — CCR/CVA posting at Deloitte — free, in seconds.

About the Role

Counterparty Credit Risk (CCR) and Credit Valuation Adjustment (CVA) Risk are major risk types for Financial Institutions, particularly within the Capital Markets divisions. These risks sit at the intersection of front office, risk management, finance, model risk, collateral management and regulatory capital. As we expand our Risk Advisory business, the focus on CCR and CVA continues to increase due to important regulatory developments and client-driven demand.

Responsibilities

Provide technical guidance and interpretation of prudential regulations relating to CCR and CVA, including SA-CVA, BA-CVA, SA-CCR, IMM and associated governance, model risk and regulatory expectations for Capital Markets Financial Services institutions.
Provide input into, and/or lead, technical presentations to financial services clients covering CCR, CVA, key regulatory trends, technical insights and practical implementation challenges.
Develop and manage a portfolio of client relationships across the financial services sector to support business growth.
Manage workstreams or projects as part of a Deloitte team to support financial services clients in managing their CCR and CVA regulatory programmes, including SA-CVA implementation, BA-CVA assessment, SA-CCR optimisation, IMM development or remediation, exposure modelling and CVA risk management.
Lead and manage teams and individuals to support meeting client demands, while also providing the basis for people development, mentoring and leadership.
Work within the CCR/CVA ecosystem, either in the Front Office working with traders, XVA desks, quants or structurers, or in Risk Management, Finance, Model Risk or Quantitative Analytics working with risk managers, finance teams, model validators, credit officers or quantitative teams.
Understand traded products, counterparty exposure, netting, collateral, margining, exposure profiles, valuation adjustments, regulatory capital requirements and the practical implementation of models and frameworks within large financial institutions.
Demonstrate a broader perspective of potential issues encountered when managing diverse teams and the strategies to overcome them.
Manage diverse teams within an inclusive team culture where people are recognised for their contribution.

Requirements

A relevant university degree, such as Financial Mathematics, Mathematics, Statistics, Physics, Business, Finance, Economics, Financial Engineering or a related quantitative discipline, preferably with Honours, or equivalent qualification.
Technical understanding of Counterparty Credit Risk, CVA and quantitative risk management.
Familiarity with counterparty credit risk and CVA measures, their derivation and their use in day-to-day risk-management operations of a financial institution.
Understanding of exposure modelling approaches, including simulation-based exposure modelling, Monte Carlo methods, collateral modelling, netting set treatment, margin period of risk, wrong-way risk and stress testing.
Experience in CCR and CVA risk management processes and frameworks, including governance, risk appetite, limits, identification, measurement, monitoring, reporting, stress testing and supporting data and infrastructure.
Detailed knowledge of regulation impacting CCR and CVA, including SA-CVA, BA-CVA, SA-CCR, IMM, leverage exposure considerations for derivatives and securities financing transactions, and relevant prudential expectations for model governance and validation.
Familiarity with topical regulatory and risk-management issues and experience dealing with the associated practical challenges related to their management and measurement within a large-scale financial institution.
Practical experience with development, implementation, validation or remediation of CCR/CVA methodologies and frameworks.
Knowledge and practical experience of model development and validation across standardised and internal model approaches, including SA-CVA, BA-CVA, SA-CCR and IMM.
Understanding of regulatory quantitative impact studies, capital impact analysis, model change programmes or data remediation exercises relating to CCR and CVA.
Ability to understand and explain the interaction between CCR/CVA, credit risk, market risk, liquidity risk, collateral management, clearing, margining and front office trading activity.
Consulting skills: the ability to compile, digest and present technical information to senior non-technical audiences orally, visually and in writing.
Utilise excellent interpersonal skills with a thorough technical understanding to facilitate workshops with clients.
Team player with good organisational, planning and leadership skills.
Sound people management skills and experience of developing and managing a team of professional staff.

Skills

Technical and practical understanding of CCR and CVA.
Good knowledge of investment banking products and the associated counterparty credit, exposure and valuation adjustment risks.
Ability to communicate technical CCR/CVA information to non-technical senior management verbally and in writing.
Definition and range of traded instruments that generate counterparty credit exposure.
How derivatives, securities financing transactions and other counterparty-facing instruments are valued.
How counterparty exposure arises over the life of a transaction.
How netting, collateralisation, margining and close-out mechanics affect exposure and CVA.
When different CCR/CVA methodologies and modelling approaches should be used.
Familiarity with PFE, EPE, EE, effective EPE, exposure profiles, expected positive exposure, potential future exposure, replacement cost, add-ons, alpha, credit spreads, CVA sensitivities and CVA capital measures.
Familiarity with XVA concepts and infrastructure would be advantageous, including CVA, DVA, FVA, MVA, KVA, valuation adjustments governance, XVA desks, hedge accounting interactions and the relationship between accounting CVA and regulatory CVA capital.

Location

London

Work Type

Hybrid working
Permanent
FTC

Experience Level

Subject matter expert

Education Level

CFA, FRM, CQF or equivalent professional designation preferred.

About the Company

Deloitte drives progress. Using our vast range of expertise, we help our clients' become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.
Our values: lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact.
In an ever-evolving world, there are no certainties in business. Our teams help clients to navigate risks, process major transactions and deliver transformational change that will future-proof their business.
We provide advisory services across the risk and regulatory landscape to help our clients move beyond simply meeting the minimum compliance standards, to strategically creating a responsible, sustainable future. This includes providing critical insight and advice on the future of regulation to assist our clients in anticipating change and responding with confidence.

Equal Opportunity

We are nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution.
We want you. The true you. Your own strengths, perspective and personality.
We want you. The true you. Your own strengths, perspective and personality. So we’re nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we’ll take your wellbeing seriously, too. Because it’s only when you’re comfortable and at your best that you can make the kind of impact you, and we, live for.